This is a manipulation play headed to shake out the daytraders.
1. Make the stock rise rapidly.
2. Play the stock back down so that anyone who jumped on for a run gets shaken off by lack of activity and consequently, a fall in price. (4 days in total)
3. Do it in middle of week because alot of daytraders would have got set on mon/tues for other stocks and wont be able to jump on.
4. Wait
5. Increase holdings as the stock falls.
Most do it because they know there is a greater value in the stock than the rest of people know.
OR
Another pump and dump play.
You decide
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- manipulation at its best.
manipulation at its best.
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